Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWestminster Group Regulatory News (WSG)

  • This share is currently suspended. It was suspended at a price of 0.85
  • There is currently no data for WSG

New Tema Container Port Update

17 Jul 2019 07:00

RNS Number : 7525F
Westminster Group PLC
17 July 2019
 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014

 

 

Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

Update New Tema Container Port Project, Ghana

 

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, is pleased to provide an update on its operations at the new Tema Container Port, Ghana

The new Tema Container Port is a $1.5billion US Dollar investment project by Meridian Port Services ('MPS'), expanding the port's capacity from 1 million Twenty-foot Equivalent Units ('TEU') pa to over 3.5 million p.a., creating a world-class container port operation.

In the Company's AGM Statement released on 18 June 2019, it was announced that Scanport Ltd. had received a Letter of Intent ('LoI') with MPS acknowledging Westminster as the Technical Partner regarding a contract to manage, operate, maintain and upgrade, as necessary, the container screening services at the new Tema Container Port setting out the preliminary terms regarding the appointment and scope of work and that negotiations were underway towards concluding a contract within the 30-day exclusivity period.

Whilst formal contracts have not yet been finalised, the Scanport-Westminster partnership is the sole appointed contractor for scanning operations at the new port and has established a full scanning operation both at the primary scanning stations at the import and export gates and also secondary screening services at the intensive search area for physical inspections; in total employing around 50 personnel with another 124 applicants undertaking induction and x-ray training by Westminster specialists. The LoI is therefore being extended for a further period to allow for the definitive contract to be finalised with MPS.

The first phase of the port expansion project was formally opened for business on Friday 28 June 2019 and the first two trial vessels have been successfully processed as all operations, including screening, at the port are tested to iron out any teething issues. The scanning services have performed well and are now operational 24/7 with around 2,000 containers screened by us to date.

Following successful operations across the port, it is expected that activity will continue to ramp up during the coming months as more and more vessels move to the new port.

Further details will be announced in due course.

 

For further information please contact:

 

Westminster Group Plc

Media enquiries via Walbrook PR

Rt. Hon. Sir Tony Baldry - Chairman

 

Peter Fowler - Chief Executive Officer

 

Mark Hughes - Chief Financial Officer

 

 

 

S. P. Angel Corporate Finance LLP (NOMAD & Joint Broker)

 

Stuart Gledhill

020 3470 0470

Caroline Rowe

 

 

 

SVS Securities PLC (Joint Broker)

 

 Elliot Hance

 

 

020 3700 0100

Walbrook (Investor Relations)

 

Tom Cooper

020 7933 8780

Paul Vann

0797 122 1972

 

tom.cooper@walbrookpr.com

 

Notes:

 

Westminster Group plc is a specialist security and services group operating worldwide via an extensive international network of agents and offices in over 50 countries.

 

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long-term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manpower, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue-chip commercial organisations.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDFMGMNNVGGLZM
Date   Source Headline
30th Apr 20267:00 amRNSCancellation of Admission to Trading on AIM
20th Apr 20267:00 amRNSDirectorate change
31st Mar 20264:32 pmRNSTrading Update
31st Mar 20264:31 pmRNSDirectorate changes
31st Mar 20264:30 pmRNSResignation of NOMAD & Broker
26th Feb 20266:00 pmRNSWestminster Group
2nd Jan 20267:30 amRNSSuspension - Westminster Group PLC
2nd Jan 20267:30 amRNSSuspension - Westminster Group PLC
30th Dec 20251:19 pmRNSResults of AGM
30th Dec 20251:19 pmRNSResults of AGM
30th Dec 20257:00 amRNSAccounts Timetable & Upcoming Trading Suspension
30th Dec 20257:00 amRNSAccounts Timetable & Upcoming Trading Suspension
10th Dec 20257:00 amRNSPosting of Notice of AGM
28th Nov 202512:16 pmRNSNotice of AGM & Final Results
11th Sep 202512:01 pmRNSMovement in Share Price
28th Jul 20257:00 amRNS-RNew Cyber & Defence Technology Division
17th Jul 20257:00 amRNS£1.15 million New Contract Award
11th Jul 20257:00 amRNS£500k Credit Facility & CLN Variation
1st Jul 20257:00 amRNS-R£220,000 New Contract Award
30th Jun 20257:00 amRNS£680,000 New Contract Awards
2nd Jun 20257:00 amRNSGabon Contract Update & Grant of Options
10th Apr 20257:00 amRNS-RMartyn's Law Granted Royal Assent
31st Mar 20257:00 amRNSNon-Executive Director Appointment
28th Mar 20257:00 amRNSInterim Results
4th Mar 20257:00 amRNS15+ Year, 4 X Airport contract in Gabon
6th Feb 20257:00 amRNS-RFigen Murray Joins Westminster Int Advisory Board
3rd Feb 20257:00 amRNSBoard Change
28th Jan 20257:00 amRNSHolding(s) in Company
24th Jan 20257:00 amRNS-RNew Contract Award – Screening Solutions to the US
18th Dec 20242:19 pmRNSResult of AGM
18th Dec 20247:00 amRNSAGM Statement and Change of Broker
12th Nov 20244:50 pmRNSHolding(s) in Company
11th Nov 202412:07 pmRNSStrategic Review
6th Nov 202410:30 amRNSFinal Results
1st Nov 20241:24 pmRNSSubscription to Raise £500k & Issue of Warrants
2nd Oct 20247:00 amRNSNew Contracts for Global Client - worth over $1m
8th Jul 20243:30 pmRNSPurchase of Shares by Director
2nd Jul 20247:00 amRNSDirector Share Purchase
1st Jul 20247:35 amRNS£1.5m Convertible Loan Note Agreement
11th Apr 20242:11 pmRNSSigning of 10+ year 5 airport DRC contract
28th Mar 20247:45 amRNSInterim Results
13th Dec 20237:00 amRNSChange of ARD & Ghana Settlement Update
29th Sep 20237:00 amRNSHalf-year Report
28th Jun 20232:00 pmRNSResult of AGM
22nd Jun 20237:00 amRNSBoard Changes and Cost Optimisation Progress
20th Jun 20237:00 amRNSAGM Announcement
1st Jun 20237:00 amRNSFinal Results & Investor Presentation
10th May 20234:29 pmRNSUpdate re Notice of Results & Investor Pres
20th Apr 20233:00 pmRNSNotice of Results & Investor Presentation
23rd Feb 20237:00 amRNSChange of Broker

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.